cloudfront

Disney Hong Kong Makes Profit

19 Feb 2013


Immigration News

Hong Kong Disneyland has for the first time made a profit since it was started in 2005. The addition of Toy Story Land helped Disneyland unit to turn a profit last year for the first time.

A little help from Toy Story and Grizzly Gulch did the trick. The theme park, which opened in 2005 amid hopes of cashing in on the rising middle-class in mainland China, netted earnings of $14.1 million, reversing a loss of $30.6 million in the prior 12-month period. Revenue jumped 18% to $550.7 million as attendance rose 13% from the prior year to a record 6.7 million visitors.

What has also helped is the local features for toys displayed. There was a 13% increase in the number of tourists from mainland China, who make up close to half the total.

The 320-acre park on the Lantau Island is modeled on the original Disneyland in Anaheim, but is only about a third of its size. Park officials are hoping to keep up the growth momentum with "Mystic Point," which is set in a rain forest.

The park, owned by the Hong Kong government and Walt Disney Co. in 52-48 ratio, may need to ramp up more as competition heats up for mainland Chinese dollars. One potential Mainland rival is Shanghai Disneyland which is scheduled to open in 2015.


QUICK ENQUIRY

  •  I agree to the Privacy Policy
Thank you so much. We are pleased to associate ...

Rxxxxxx xxxxxx
Canada

CANADA VISA ( FEDERAL ...

Your team was very helpful in following up ...

Jxxxxxxxx xxxxxxxx
Australia

AUSTRALIAN VISA...

Thank you very much for all the guidance ...

Vxxxxxx xxxxxxx
Australia

AUSTRALIAN VISA...

Opulentus has been very helpful. My case officers ...

Vxxxxxxx xxxxxxxxxxxxxN
Australia

AUSTRALIAN VISA...

I am very glad to choose Opulentus. Thanks to ...

Pxxxxxx xxxxxxR
Australia

AUSTRALIAN VISA...

The team at Opulentus has been very helpful ...

Lxxxxxxx xxxxxx
Australia

AUSTRALIAN VISA...

I thank you very much for all the ...

Pxxxxxxxx xxxxxx
Australia

AUSTRALIAN VISA...

I am very happy and pleased with the ...

Bxxxxxxx xxxxH
Australia

AUSTRALIAN VISA...

Thanks a lot Opulentus for your patience and ...

Rxxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Two Year Canadian Dream One day when I woke ...

Sxxxxx xxxxxL
Canada

CANADA VISA ( FEDERAL ...

View All